{"id":179024,"date":"2025-11-13T19:49:13","date_gmt":"2025-11-13T19:49:13","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/179024\/"},"modified":"2025-11-13T19:49:13","modified_gmt":"2025-11-13T19:49:13","slug":"co-tyrone-hotel-put-up-for-sale-after-three-generations-of-family-ownership-the-irish-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/179024\/","title":{"rendered":"Co Tyrone hotel put up for sale after three generations of family ownership \u2013 The Irish News"},"content":{"rendered":"<p class=\"c-paragraph\">A hotel in Co Tyrone has been put for sale after being owned by the same family for three generations.<\/p>\n<p class=\"c-paragraph\">The Royal Hotel in Cookstown has been placed on the market with an asking price of \u00a31.2 million.<\/p>\n<p class=\"c-paragraph\">The listing for the popular town centre event venue includes a number of adjacent residential properties. <\/p>\n<p class=\"c-paragraph\">Established in 1972, the nine-bedroom <a href=\"https:\/\/www.irishnews.com\/tags\/hotel\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishnews.com\/tags\/hotel\/\">hotel<\/a> on Coagh Road has been in the ownership of the Thom family for more than 50 years.<\/p>\n<p><a class=\"c-link\" href=\"https:\/\/www.irishnews.com\/news\/business\/family-owned-hotel-in-co-tyrone-put-up-for-sale-after-three-generations-of-ownership-MXGZZ6UZSNFITCCCNB3X6D732E\/\" aria-hidden=\"true\" tabindex=\"-1\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"Co Tyrone hotel put up for sale after three generations of family ownership\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/11\/VFB2MBQGYNFMXGIXQMNXI732C4.jpg\"  width=\"800\" height=\"450\"\/><\/a><a class=\"c-link\" href=\"https:\/\/www.irishnews.com\/news\/business\/new-us-owners-of-first-derivative-confirm-plans-to-cut-dozens-of-northern-ireland-jobs-DVY5T2QOGVGVRCITW54RBI3YEU\/\" aria-hidden=\"true\" tabindex=\"-1\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"New US owners of First Derivative confirm plans to cut dozens of Northern Ireland jobs\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/11\/FO4BJBI4FVCCTIBTN2BSU4HJEU.jpg\"  width=\"800\" height=\"450\"\/><\/a><\/p>\n<p class=\"c-paragraph\">The listing from Avison Young states the owners now plan to retire, with the <a href=\"https:\/\/www.irishnews.com\/tags\/hospitality\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishnews.com\/tags\/hospitality\/\">hospitality<\/a> asset placed on the <a href=\"https:\/\/www.irishnews.com\/tags\/commercial-property\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishnews.com\/tags\/commercial-property\/\">commercial property<\/a> market.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"The Royal Hotel in Cookstown, which is now on the market.\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/11\/OTCCOV6QZJAQDNDZ2XPC4BLNEA.jpg\"  width=\"800\" height=\"533\"\/>The Royal Hotel in Cookstown, which is now on the market. <\/p>\n<p class=\"c-paragraph\">They have also put a small portfolio of residential properties on the market.<\/p>\n<p class=\"c-paragraph\">The selling agents describe the venue as \u201cone of Mid Ulster\u2019s most popular full-service hotels\u201d, which has been fitted to a high specification with \u201clittle capex required\u201d.<\/p>\n<p class=\"c-paragraph\">Avison Young state a \u201cfully let\u201d residential investment portfolio offers an additional income for any prospective new owners.<\/p>\n<p class=\"c-paragraph\">However, the listing states the additional neighbouring buildings offer the potential for a expansion of the hotel.<\/p>\n<p class=\"c-paragraph\">Alongside its nine bedrooms, the Royal Hotel features five function rooms. <\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"The Royal Hotel in Cookstown, which is now on the market.\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/11\/ASVLECJXGZCKZJCCHSEBIZLDDM.jpg\"  width=\"800\" height=\"362\"\/>The Royal Hotel in Cookstown, which is now on the market. <\/p>\n<p class=\"c-paragraph\">They include the Palace and Jubilee suites, which can be combined to create an open plan event space with capacity for 250 people. <\/p>\n<p class=\"c-paragraph\">The Balmoral room on the first floor has capacity for 120 people.<\/p>\n<p class=\"c-paragraph\">The hotel also features a drawing room and boardroom.<\/p>\n","protected":false},"excerpt":{"rendered":"A hotel in Co Tyrone has been put for sale after being owned by the same family for&hellip;\n","protected":false},"author":2,"featured_media":179025,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,1682,101264,70408,18,11785,2154,6600,19,17],"class_list":{"0":"post-179024","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-co-tyrone","10":"tag-commercial-property","11":"tag-cookstown","12":"tag-eire","13":"tag-hospitality","14":"tag-hotel","15":"tag-hotels","16":"tag-ie","17":"tag-ireland"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115544127493285985","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/179024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=179024"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/179024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/179025"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=179024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=179024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=179024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}